KYC Policy

1. Introduction

The Reserve Bank of India (“RBI”) has issued Master Directions and regulatory guidelines governing Know Your Customer (“KYC”) and Anti-Money Laundering (“AML”) requirements for regulated financial activities and payment services.

These guidelines are intended to prevent money laundering, terrorist financing, fraud and misuse of financial services, and are aligned with applicable laws, regulatory requirements and internationally accepted AML standards.

In view of the same, OMSHRIKANTH FINANCE PRIVATE LIMITED has adopted a KYC and AML framework to verify customers and partners, monitor transactions and maintain appropriate compliance controls. The policy may be updated from time to time to reflect changes in applicable laws, regulations and regulatory directions.

2. KYC Objectives

The objective of this policy is to prevent the platform from being used, intentionally or unintentionally, for money laundering, terrorist financing, fraud or other unlawful activities.

KYC procedures also enable OMSHRIKANTH FINANCE PRIVATE LIMITED to understand its customers and partners, assess risk appropriately and provide financial services in a secure and compliant manner.

This policy includes the following key elements:

• Customer Acceptance Policy (“CAP”)
• Customer Identification Procedures (“CIP”)
• Monitoring of Transactions
• Risk Management
• Customer Grievance and Dispute Management
• Applicable interoperability and service controls
• Regulatory reporting where required by applicable law

3. Documents Required for KYC

Identity Proof:

• Aadhaar Card, where permitted and applicable.
• PAN Card.
• Voter ID Card.
• Passport.
• Driving Licence.
• Any other officially valid document accepted under applicable rules.

Address Proof:

• Aadhaar Card with current address, where applicable.
• Recent utility bill, where accepted.
• Bank passbook or bank statement.
• Registered rent agreement, where applicable.
• Other acceptable address proof under applicable KYC requirements.

4. KYC Verification Process

Our KYC verification process may include the following steps:

• Document Submission: Customer or partner submits required KYC documents through the authorised platform or onboarding channel.
• Identity Verification: Identity details may be verified through authorised verification methods and service providers.
• PAN Verification: PAN details may be validated through authorised verification systems.
• Face or Liveness Verification: Where required, selfie, video or other authorised liveness checks may be performed.
• Bank Account Verification: Bank account ownership may be verified using an authorised bank account verification process.
• Compliance Review: Submitted information may be reviewed before account or service activation.

5. Customer Risk Categorisation

Customers and partners may be categorised according to their risk profile, transaction behaviour, business activity and other relevant compliance factors.

• Low Risk: Customers or businesses with relatively lower risk profiles and normal transaction activity.
• Medium Risk: Customers or businesses requiring additional verification or documentation based on their activity or transaction profile.
• High Risk: Customers requiring enhanced due diligence based on applicable risk factors, transaction behaviour, legal requirements or compliance assessment.

6. Transaction Monitoring

OMSHRIKANTH FINANCE PRIVATE LIMITED may monitor transactions for unusual, suspicious, high-risk or potentially fraudulent activity.

Transactions may be reviewed, restricted, delayed or reported where necessary for compliance with applicable laws, regulatory requirements, fraud prevention or security controls.

7. Applicability

This policy applies to relevant products, services, customers, merchants, retailers, distributors, partners and other users of the OMSHRIKANTH FINANCE PRIVATE LIMITED platform.

Where applicable law or regulatory requirements impose stricter obligations than those described in this policy, such legal or regulatory requirements shall prevail.

8. Policy Updates

OMSHRIKANTH FINANCE PRIVATE LIMITED may update this KYC and AML Policy from time to time to reflect changes in applicable law, regulatory guidance, services, technology or compliance requirements.

OMSHRIKANTH FINANCE PRIVATE LIMITED – KYC & AML Policy